Genetic Technologies Stock Beta
| GENE Stock | USD 0.77 0.00 0.00% |
Genetic Technologies fundamentals help investors to digest information that contributes to Genetic Technologies' financial success or failures. It also enables traders to predict the movement of Genetic Stock. The fundamental analysis module provides a way to measure Genetic Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Genetic Technologies stock.
Genetic | Beta |
Genetic Technologies Company Beta Analysis
Genetic Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Genetic Technologies Beta | 0.48 |
Most of Genetic Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Genetic Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Genetic Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Genetic Technologies is extremely important. It helps to project a fair market value of Genetic Stock properly, considering its historical fundamentals such as Beta. Since Genetic Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Genetic Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Genetic Technologies' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Genetic Technologies has a Beta of 0.48. This is 44.19% lower than that of the Life Sciences Tools & Services sector and 66.67% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Genetic Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Genetic Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Genetic Technologies could also be used in its relative valuation, which is a method of valuing Genetic Technologies by comparing valuation metrics of similar companies.Genetic Technologies is currently under evaluation in beta category among its peers.
Genetic Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of Genetic Technologies from analyzing Genetic Technologies' financial statements. These drivers represent accounts that assess Genetic Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Genetic Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 19.9M | 65.3M | 26.4M | 19.4M | 10.2M | 9.7M | |
| Enterprise Value | 6.1M | 44.6M | 15.4M | 12.1M | 10.1M | 9.6M |
Genetic Technologies Institutional Holders
Institutional Holdings refers to the ownership stake in Genetic Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Genetic Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Genetic Technologies' value.| Shares | Armistice Capital, Llc | 2024-06-30 | 140 K | Susquehanna International Group, Llp | 2024-06-30 | 77.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 36 K | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 12.6 K | Rhumbline Advisers | 2024-06-30 | 3.7 K | Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 400 | Simplex Trading, Llc | 2024-06-30 | 255 | Ubs Group Ag | 2024-06-30 | 0.0 |
As returns on the market increase, Genetic Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Genetic Technologies is expected to be smaller as well.
Genetic Fundamentals
| Return On Equity | -1.85 | ||||
| Return On Asset | -0.63 | ||||
| Profit Margin | (1.24) % | ||||
| Operating Margin | (1.13) % | ||||
| Current Valuation | 3.6 M | ||||
| Shares Outstanding | 4.85 M | ||||
| Shares Owned By Institutions | 1.10 % | ||||
| Number Of Shares Shorted | 25.84 K | ||||
| Price To Earning | (1.87) X | ||||
| Price To Book | 3.11 X | ||||
| Price To Sales | 0.38 X | ||||
| Revenue | 7.66 M | ||||
| Gross Profit | 6.01 M | ||||
| EBITDA | (11.43 M) | ||||
| Net Income | (12.02 M) | ||||
| Cash And Equivalents | 11.74 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 875.19 K | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 3.86 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (9.68 M) | ||||
| Short Ratio | 2.32 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 12.5 | ||||
| Number Of Employees | 55 | ||||
| Beta | 0.48 | ||||
| Market Capitalization | 3.71 M | ||||
| Total Asset | 6.19 M | ||||
| Retained Earnings | (166.38 M) | ||||
| Working Capital | (500.09 K) | ||||
| Current Asset | 9.03 M | ||||
| Current Liabilities | 992 K | ||||
| Net Asset | 6.19 M |
About Genetic Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Genetic Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Genetic Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Genetic Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Genetic Technologies is a strong investment it is important to analyze Genetic Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Genetic Technologies' future performance. For an informed investment choice regarding Genetic Stock, refer to the following important reports:Check out Genetic Technologies Piotroski F Score and Genetic Technologies Altman Z Score analysis. For information on how to trade Genetic Stock refer to our How to Trade Genetic Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genetic Technologies. If investors know Genetic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genetic Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 2.19 | Quarterly Revenue Growth (0.11) | Return On Assets (0.63) | Return On Equity (1.85) |
The market value of Genetic Technologies is measured differently than its book value, which is the value of Genetic that is recorded on the company's balance sheet. Investors also form their own opinion of Genetic Technologies' value that differs from its market value or its book value, called intrinsic value, which is Genetic Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genetic Technologies' market value can be influenced by many factors that don't directly affect Genetic Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Genetic Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genetic Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genetic Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.